Late Payment Of Commercial in the Leeds UK

 In Debt Recovery Case Studies

Late Payment Of Commercial; Are you chasing late payment of commercial debt that is owed to you by business clients who purchase goods or services from your company? Then you should make a no obligation call to the highly trained and experienced debt recovery specialist at Oakwood Solicitors to discover how our professionals could provide expert assistance in your pursuit of payment of the outstanding funds that are owed to you by business clients ensuring payment is obtained as quickly and efficiently as possible.

Under the Late Payment of Commercial Debts (Interest) Act 1998 a business like yours is able to charge compensation and interest to commercial clients who have purchased goods or services from you for business purposes if there was no consumer credit agreementin place and any contract did not contain a provision for interest on overdue invoices.

The interest and compensation can be charged from the date that invoice payment is late but must be claimed within six years.

The interest that can be claimed by your company on the late payments can be up to 8% over the Bank of England base rate and this can be claimed on any late invoice payment that qualifies even if payment of the invoice has now been secured.

Do you require expert assistance to help you obtain late payment of invoices from commercial clients to whom you have provided goods or services? Then don’t hesitate to get in touch with the dedicated debt recovery team at Oakwood Solicitors to find out our specialist services could enable a fast and cost-effective retrieval of the outstanding funds that are owed to you by business clients who have not met invoice payments for goods or services that they purchase from you.

Compensation can be charged to business clients for each unpaid invoice varying between £40 and £100 depending upon the outstanding invoice amount.

In circumstances that this compensation may not cover the costs involved in your recovery of the outstanding debt reasonable costs can also be charged to the debtor for late payment of orders that took place after 16 March 2013.

The debt recovery specialists at Oakwood Solicitors contacted by a client to required expert assistance to secure payment of an outstanding debt of £968.44 from Mr S in Nottingham.

The highly skilled resource for professionals at Oakwood Solicitors and our dedicated debt recovery department could assist your company in securing late payment in full plus interest and compensation of outstanding funds that are owed to you by commercial clients who have not made invoice payments on time; so fast and cost-effective debt recovery solutions that are tailored to your business needs and will not damage any business to business relationship you have built up make a no obligation call to the helpful advisers at Oakwood Solicitors today on: (0844) 847 2323.


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